EconomyNearly a Fifth of Bitcoin Mining Power Is Idle, and a Restart Could Create a Brutal Margin Trap
Luxor estimates that about 235 EH/s of specialized Bitcoin mining capacity is idle because machines are uneconomic, curtailed, in transit or under maintenance. August’s Bitcoin rally lifted mining revenue, but widespread restarts could intensify competition and squeeze miners’ margins. Network difficulty rose 1.31% on Sept. 5.
Nearly a Fifth of Bitcoin Mining Power Is Idle, and a Restart Could Create a Brutal Margin Trap
Economy